v3.7.0.1
CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 6 $ 547
Prepaid expenses 31 112
Total current assets 37 659
Office equipment, net of accumulated depreciation of $2 and $0 5 4
Intangible assets, net of accumulated amortization of $152 and $145 60 68
Other assets 3 3
Total assets 105 734
Current liabilities:    
Accounts payable 1,602 1,238
Accrued expenses 709 384
Derivative liability 2,227 2,541
Total current liabilities 4,538 4,163
Total liabilities 4,538 4,163
Commitments and contingencies
Stockholders' deficit:    
Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 and 2,828 shares issued and outstanding, respectively
Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 and 1,398,832 shares issued and outstanding, respectively
Additional paid-in capital 45,597 45,391
Accumulated deficit (50,030) (48,820)
Total stockholders' deficit (4,433) (3,429)
Total liabilities and stockholders' deficit $ 105 $ 734

Source

v3.7.0.1
CONDENSED STATEMENTS OF LOSSES (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating expenses:        
Research and development $ 500 $ 323 $ 965 $ 646
General and administrative 321 384 781 1,091
Total operating expenses 821 707 1,746 1,737
Loss from operations (821) (707) (1,746) (1,737)
Other income (expense):        
Gain on change in fair value of derivative liability 315 217 1,998 755
Interest income (expense), net (45) (1,462) 2
Loss before provision for income taxes (551) (490) (1,210) (980)
Provision for income taxes
Net loss $ (551) $ (490) $ (1,210) $ (980)
Net loss per common share, basic and diluted (in dollars per share) $ (0.35) $ (0.35) $ (0.79) $ (0.70)
Weighted average shares outstanding (in shares) 1,589,890 1,392,079 1,527,536 1,392,079

Source

v3.7.0.1
CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (1,210) $ (980)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10 11
Stock-based compensation 143 38
Gain on change in fair value of derivative liability (1,998) (755)
Finance cost 1,462
Decrease in operating assets:    
Prepaid expenses 81 46
Increase in operating liabilities:    
Accounts payable and accrued expenses 689 101
Cash used in operating activities (823) (1,539)
Cash flows from investing activities:    
Acquisition of office equipment (3)
Cash used in investing activities (3)
Cash flows from financing activities:    
Proceeds from sale of stock and warrants 285
Cash provided by financing activities 285
Net decrease in cash (541) (1,539)
Cash, beginning of period 547 2,465
Cash, end of period $ 6 $ 926

Source